Kimberly-Clark Corporation (KMB) Stake Increased by Charter Trust Co.

Charter Trust Co. lifted its stake in shares of Kimberly-Clark Corporation (NYSE:KMB) by 14.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 32,752 shares of the company’s stock after buying an additional 4,034 shares during the quarter. Charter Trust Co.’s holdings in Kimberly-Clark Corporation were worth $4,228,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Tortoise Investment Management LLC lifted its position in shares of Kimberly-Clark Corporation by 4.7% during the 1st quarter. Tortoise Investment Management LLC now owns 758 shares of the company’s stock worth $100,000 after buying an additional 34 shares during the last quarter. Acrospire Investment Management LLC lifted its position in shares of Kimberly-Clark Corporation by 125.0% during the 1st quarter. Acrospire Investment Management LLC now owns 900 shares of the company’s stock worth $118,000 after buying an additional 500 shares during the last quarter. Armbruster Capital Management Inc. lifted its position in shares of Kimberly-Clark Corporation by 38.5% during the 1st quarter. Armbruster Capital Management Inc. now owns 900 shares of the company’s stock worth $118,000 after buying an additional 250 shares during the last quarter. Heritage Trust Co purchased a new stake in shares of Kimberly-Clark Corporation during the 1st quarter worth approximately $118,000. Finally, Sterling Investment Advisors Ltd. lifted its position in shares of Kimberly-Clark Corporation by 63.8% during the 1st quarter. Sterling Investment Advisors Ltd. now owns 1,027 shares of the company’s stock worth $135,000 after buying an additional 400 shares during the last quarter. Institutional investors and hedge funds own 70.10% of the company’s stock.

In related news, Director Robert W. Decherd bought 1,500 shares of the business’s stock in a transaction on Thursday, August 3rd. The shares were bought at an average cost of $122.21 per share, for a total transaction of $183,315.00. Following the completion of the purchase, the director now owns 43,444 shares of the company’s stock, valued at approximately $5,309,291.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.56% of the company’s stock.

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Several analysts have recently weighed in on KMB shares. Berenberg Bank restated a “hold” rating on shares of Kimberly-Clark Corporation in a research report on Thursday, July 27th. Citigroup Inc. set a $134.00 price objective on shares of Kimberly-Clark Corporation and gave the stock a “sell” rating in a research report on Friday, July 7th. Royal Bank Of Canada restated a “sector perform” rating and set a $121.00 price objective on shares of Kimberly-Clark Corporation in a research report on Wednesday, July 26th. Zacks Investment Research upgraded shares of Kimberly-Clark Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, August 24th. Finally, Jefferies Group LLC restated a “hold” rating and set a $119.00 price objective on shares of Kimberly-Clark Corporation in a research report on Thursday, September 7th. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and one has assigned a buy rating to the company’s stock. Kimberly-Clark Corporation currently has a consensus rating of “Hold” and a consensus price target of $132.07.

Shares of Kimberly-Clark Corporation (NYSE:KMB) traded up 0.22% during trading on Friday, reaching $121.10. 2,548,470 shares of the company’s stock traded hands. Kimberly-Clark Corporation has a 1-year low of $111.30 and a 1-year high of $136.21. The company has a 50 day moving average of $121.55 and a 200-day moving average of $127.86. The company has a market capitalization of $42.78 billion, a price-to-earnings ratio of 20.22 and a beta of 0.78.

Kimberly-Clark Corporation (NYSE:KMB) last announced its quarterly earnings data on Tuesday, July 25th. The company reported $1.49 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.49. Kimberly-Clark Corporation had a return on equity of 636.30% and a net margin of 11.82%. The firm had revenue of $4.55 billion for the quarter, compared to analysts’ expectations of $4.56 billion. During the same period last year, the business posted $1.53 earnings per share. The firm’s revenue for the quarter was down .7% on a year-over-year basis. Equities analysts predict that Kimberly-Clark Corporation will post $6.21 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 3rd. Investors of record on Friday, September 8th will be paid a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a yield of 3.20%. The ex-dividend date is Thursday, September 7th. Kimberly-Clark Corporation’s dividend payout ratio (DPR) is presently 64.88%.

About Kimberly-Clark Corporation

Kimberly-Clark Corporation is engaged in the manufacturing and marketing of a range of products made from natural or synthetic fibers. The Company’s segments include Personal Care, Consumer Tissue, K-C Professional and Corporate & Other. The Company’s Personal Care segment offers various solutions and products, such as disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products.

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Institutional Ownership by Quarter for Kimberly-Clark Corporation (NYSE:KMB)

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